GURUGRAM, India, December 18, 2018
GURUGRAM, India, December 18, 2018 /PRNewswire/ --
Increased Initiatives by the Government: The government has adapted the smart grid initiative which is expected to support the demand for lithium-ion battery in the China. The Government of China is focusing on energy diversification and has a target of achieving 680 GW renewable capacity by 2020, out of which 270 GW will be generated from solar energy and 210 GW from Wind energy. This would require extensive deployment of lithium ion batteries.
Promotion of AEV (Alternate Electric Vehicle): In China, government has framed a complex policy/ regulation which will require a sizable portion of car manufacturer's production or imports to be green by 2019, along with escalating goals thereafter. Therefore, all major manufacturers operating in China-from global giants Toyota Motor and General Motors to domestic players BYD and BAIC Motor-have to meet minimum requirements for producing new-energy vehicles, or NEVs (plug-in hybrids, pure-battery electrics, and fuel-cell autos). It has been anticipated that Ford will introduce at least 15 hybrid cars and EVs in China by the year 2025.
Use of Retired Lithium-ion Batteries: Ministry of Industry and Information Technology (MIIT) of China has undergone a pilot program of recycling and second use of retired lithium-ion batteries which were used in EVs in 17 major regions and cities of China. China Tower (world's largest operator of telecommunication of towers) is included alone in this pilot study program. Currently (2018), in China only 2.0% of battery power is deployed using lithium-ion batteries in China Towers while the majority of the storage battery is still generated via lead-acid batteries. It is anticipated that in the upcoming years, China towers will spend around CNY 20 billion to replace lead acid batteries which will further increase the output volume generated through lithium-ion batteries in China.
Analysts at Ken Research in their latest publication "China Lithium Ion Battery Market Outlook to 2022 - By Application (Consumer Electronics, Power Storage and Energy Storage), By Type (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), By Shape (Square Shaped, Cylindrical and Soft Pack Battery)" believe that the Battery Market in China will continue to grow with Chinese government emphasis on capacity addition plan of renewable energy over the forecast period coupled with increase in sale of electric vehicles in the country.
The market is expected to register a positive CAGR of 50.8% in terms of output volume during the forecast period 2018-2022, albeit the increase in competition from new companies entering the market.
Key Segments Covered
- Market Segmentation
Key Target Audience
For more information on the research report, refer to below link:
India Lithium Ion Cell and Battery Market Outlook to 2023 - by Type of Battery (LFP, NMC, LCO, MCA and Others), By Application (Consumer Appliances, Telecom Towers and Services, Industrial Application, Automotive and Others) and By Power Capacity
The report provides a comprehensive analysis of the Lithium Ion Battery market in China. The report focuses on overall market size for lithium-ion battery market in China, market segmentation by application (Consumer Electronics, Power Storage and Energy Storage), by type of battery (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), by shape of battery (Square Shaped, Cylindrical and Soft Pack Battery). The report also covers the overall trade scenario, SWOT, decision making process, competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the China Lithium-ion Battery market.
South Korea Lithium Ion Cell and Battery Market Outlook to 2022 - by Type of Batteries (Li-NMC, LFP, LCO and Others), Power Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh) and Application Areas (Consumer Electronics, ESS/UPS, Automotive Sector, Industrial Sector and Others)
The report provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.
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